Mercedes-Benz India Pvt Ltd is a wholly owned subsidiary of the German Daimler AG founded in 1994, with headquarters in Pune, Maharashtra, India.Daimler entered the Indian market and established Mercedes-Benz India Ltd in 1994. The company was renamed Daimler Chrysler India Pvt. Ltd. after the merger of the parent company Daimler with Chrysler. After Daimler Chrysler demerged from Chrysler in 2007, it changed its name to Daimler AG. As a result, Daimler Chrysler India was renamed Mercedes-Benz India once again. Mercedes-Benz India is a wholly owned subsidiary of the Daimler AG. Mercedes-Benz India pioneered the luxury car market in India.